INSURANCE REFORM
The regulator's draft could change how motor policies are sold, explained and distributed, but it is not…
WHAT CHANGED
The draft would link distributor pay to the cover, channel, product complexity and servicing effort.
THE NUMBER
The proposed company-level expense limit would use domestic GDPI as its basis after a five-year transition.
WHO IS AFFECTED
Existing premiums and renewal terms do not change unless IRDAI issues a final notification.
NEXT DEADLINE
The final framework, commission schedule and effective date will come after consultation.
READ THE FULL STORY
FuelPrice explains what the proposal may change and what motor-policy owners should still check.
READ THE FULL STORY
Sources, numbers and what to watch next.
Tap up to read the full article ↑